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DIA (BME: DIA) 1H17 Results: Strong Performance in Emerging Markets Lifts Sales

Executive Summary

  • DIA reported 1H17 sales of €4,288 million, below the consensus estimate of €4,316.9 million, up by 3.4% as reported, and by 1.0% excluding currency effects.
  • Gross margin improved by 40 basis points and the EBITDA margin remained stable. Underlying EPS improved by 4.8% to €0.173.
  • DIA reaffirmed that it is on track to meet its targets for FY17.

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